DB Gold Double Long ETN (DGP)

Gold climbs to $3,325 as dollar weakens and yields drop; silver tests $36.20. Traders await U.S. jobs data for short-term price direction.

Gold dips below $3,300 as risk sentiment improves, but Fed uncertainty and dollar weakness keep XAU/USD supported near key levels.

Gold consolidates at the support zone of the ascending triangle and awaits its next move, while silver prepares for a potential surge above $37.

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The report indicated that confidence declined in all age groups and almost all income groups.

Fed's hawkish hold pressures silver prices. Industrial demand concerns and stronger yields limit upside.

Fed has also raised PCE inflation projections for 2025, 2026, and 2027.

Silver is finally out of gold's shadow and investors should be paying attention. While gold prices hover near record highs, silver is quietly stealing the spotlight.

The report showed that 37% of builders cut prices in June.

Gold is losing ground as traders take some profits off the table despite tensions in the Middle East.